Rising interest rates could put the squeeze on Canada's most indebted households.
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The average mortgage payment for new loans jumped 4.6 per cent in the past year.
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There are a number of methods to shorten your mortgage, but you'll have to read the fine print.
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If you can't afford the monthly mortgage payment (and property taxes, and repairs and maintenance) your mortgage is too big. The "equity" answer is that if you have less than 10 per cent equity in your house, you are at higher risk of financial problems.
The group of people who did the lion’s share of first-time home buying in recent years have racked up far more debt than those who came before them, according to a report from RBC. The bank’s analysis...
As the old saying goes, "the best way to make money is to stop losing money." Having the knowledge of how lending institutions operate is empowering. What is the secret that the bank does not want you to know? The bank does not want to take away your home!